Paycom Software Inc (NYSE:PAYC) Given Consensus Rating of “Hold” by Analysts

Shares of Paycom Software Inc (NYSE:PAYC) have been given a consensus recommendation of “Hold” by the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $216.62.

PAYC has been the topic of several analyst reports. Northland Securities increased their target price on shares of Paycom Software from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. Cantor Fitzgerald initiated coverage on shares of Paycom Software in a research report on Tuesday, June 18th. They set a “neutral” rating on the stock. Oppenheimer increased their target price on shares of Paycom Software from $220.00 to $255.00 and gave the stock an “outperform” rating in a research report on Wednesday. Credit Suisse Group increased their target price on shares of Paycom Software from $190.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday. They noted that the move was a valuation call. Finally, Bank of America reaffirmed a “neutral” rating and issued a $250.00 price target (up from $215.00) on shares of Paycom Software in a research report on Wednesday.

Paycom Software stock traded down $1.36 during mid-day trading on Friday, hitting $236.52. 507,157 shares of the company’s stock were exchanged, compared to its average volume of 577,922. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $14.09 billion, a PE ratio of 108.50, a P/E/G ratio of 3.44 and a beta of 1.59. Paycom Software has a 1-year low of $107.46 and a 1-year high of $246.85. The business has a 50 day moving average price of $232.38.

Paycom Software (NYSE:PAYC) last posted its earnings results on Tuesday, July 30th. The software maker reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.14. The firm had revenue of $169.30 million for the quarter, compared to the consensus estimate of $163.88 million. Paycom Software had a net margin of 23.93% and a return on equity of 40.09%. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. Analysts expect that Paycom Software will post 2.6 EPS for the current fiscal year.

In other news, insider Jeffrey D. York sold 25,000 shares of Paycom Software stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $204.37, for a total transaction of $5,109,250.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bradley Scott Smith sold 2,600 shares of Paycom Software stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $200.95, for a total transaction of $522,470.00. The disclosure for this sale can be found here. In the last three months, insiders sold 31,747 shares of company stock valued at $6,546,721. 16.09% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its holdings in shares of Paycom Software by 7.6% in the 4th quarter. Legal & General Group Plc now owns 25,130 shares of the software maker’s stock valued at $3,077,000 after buying an additional 1,771 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Paycom Software by 10.4% in the 4th quarter. Advisory Services Network LLC now owns 905 shares of the software maker’s stock valued at $111,000 after buying an additional 85 shares during the period. Norges Bank acquired a new stake in shares of Paycom Software in the 4th quarter valued at approximately $51,092,000. Geode Capital Management LLC lifted its holdings in shares of Paycom Software by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 505,767 shares of the software maker’s stock valued at $61,930,000 after buying an additional 24,903 shares during the period. Finally, Fulton Bank N.A. acquired a new stake in shares of Paycom Software in the 1st quarter valued at approximately $219,000. 74.48% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.

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Analyst Recommendations for Paycom Software (NYSE:PAYC)

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